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Do you see Westgate continuing as an independent Timeshare without David S?

DrQ

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I was wondering how much he oversees the operation of Westgate.

I think the Las Vegas PH Tower deal nearly brought down Westgate.

I know they bought the Hilton in 2014, but are they expanding anywhere else?

Is CFI a vibrant company or just a force of will?
 

T-Dot-Traveller

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Continue as an independent entity ?
Probably -
1) privately held
2) successful

BUT

David Siegel :
He & Jackie ( age 52) just renewed their marriage vows in front of family & friends in Las Vegas .
He is 84

Westgate has a long serving management team in addition to David S.
strength is (likely) their understanding of the Westgate business & the over 10,000 employees in Orlando;
downside is that they all seem to be ageing like David S.

I assume CFI ( Central Florida Investments ) is a holding company that essentially is Westgate Resorts .
There may be tax , insurance liability etc. reasons for this - but otherwise it is (likely) one entity .

I am sure a hedge fund like Apollo would be happy to buy CFI / Westgate but that would be more likely
IMO when estate settlement occurs .

********

FYI - all of this is opinion & based on what info is available from google & wikipedia
 
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